NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
July 16, 2007

Wholesale Prices on the Move
The just completed Summer FUN Convention in West Palm Beach was the perfect setting for this lazy time of the year. While the atmosphere was laid back, there was still enough business for most dealers to make money. Along with many dealers returning to action from vacations, enthusiasm has picked up considerably.

We are finding that dealers are more than willing to pay real prices for coins that meet their needs. Aside from collecting specific areas of the market, many astute collectors are pursuing coins possessing the right combination of attributes to advance in the future. This week’s Wholesale Market Dealer Price Guide indicates numerous increases in a variety of series where the census reports indicate a low probability of large quantities coming into the market. There are several hefty wholesale advances in Bust Half Dollars. This series has a very strong collector base.

Many U.S. Gold coins have moved higher this week and the number of increases shows that buyers are back in the market. The $1 Gold series is very active and premiums have widened slightly on Mint State coins. We have seen a vast improvement in support of U.S. Gold in the last week. If the metals continue to rise in the next few weeks, we could begin to see activity like we saw last year.